Which of the following statements is correct about a business income coverage form? 1. it must be written in a special form 2. It provides coverage for losses that occur up to 30 days after the policy expired 3. it provides coverage for income Interruption at any location owned by the insured 4. it provides coverage for income Interruption from physical damage only at the location described in the policy

Microeconomics: Principles & Policy
14th Edition
ISBN:9781337794992
Author:William J. Baumol, Alan S. Blinder, John L. Solow
Publisher:William J. Baumol, Alan S. Blinder, John L. Solow
Chapter22: Contemporary Issues In The U.s. Economy
Section: Chapter Questions
Problem 5DQ
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Which of the following statements is correct
about a business income coverage form?
1. it must be written in a special form
2. It provides coverage for losses that occur
up to 30 days after the policy expired
3. it provides coverage for income
Interruption at any location owned by the
insured
4. it provides coverage for income
Interruption from physical damage only at
the location described in the policy
Transcribed Image Text:Which of the following statements is correct about a business income coverage form? 1. it must be written in a special form 2. It provides coverage for losses that occur up to 30 days after the policy expired 3. it provides coverage for income Interruption at any location owned by the insured 4. it provides coverage for income Interruption from physical damage only at the location described in the policy
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